According to Campbell’s LinkedIn profile, her role at Ripple ended in October after over 2 years with no explanation provided, apart from mentioning it as a “memorable time” at the cryptocurrency company. She joined Ripple in April 2021 after more than 4 years as the Chief Financial Officer at the payment platform PayNearMe.
In a post on October 7, Campbell stated, “While healthcare is a complex industry, tightly regulated like fintech, it’s still new to me.”
This announcement comes in the context of Ripple’s legal battle that began in December 2020 with the U.S. Securities and Exchange Commission (SEC), largely related to sales volume.
In July, a federal judge ruled that XRP was not a security when sold to retail investors—a ruling upheld in October after an appeal by the SEC.
The Ripple vs. SEC trial is scheduled to begin in April 2024. It will take place in the same year as other high-profile cases affecting the cryptocurrency space, including the second criminal trial for former FTX CEO Sam Bankman-Fried in March 2024 and the trial of former CEO Alex Mashinsky in September 2024.
It’s unclear whether Campbell’s departure is related to any of the legal scrutiny Ripple is facing in the United States or not. Ripple CEO Brad Garlinghouse advised startups to avoid the U.S. in September, while CTO David Schwartz noted a “tide change” in terms of regulatory uncertainty in the country.